Seplat Energy Acquires Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil

December 12, 2024

Seplat Energy Plc has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation for $672 million in cash. The deal—part of Seplat's Nigeria-focused growth strategy—boosts pro forma production and 2P reserves substantially and transfers roughly 1,000 Mobil staff to Seplat, funded from available cash and debt facilities.

Buyers
Seplat Energy Plc
Targets
Mobil Producing Nigeria Unlimited (MPNU)
Sellers
ExxonMobil Corporation
Industry
Oil & Gas
Location
Nigeria
Transaction Type
Divestiture

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